Cloudflare's Earnings Soar, Stock Jumps After-Hours

Cloudflare's shares surge in after-hours trading after reporting strong fourth-quarter earnings and forecasting first-quarter revenue that beats expectations, while Expedia's shares decline as the company releases mixed fourth-quarter earnings and announces a CEO transition plan. Cloudflare's revenue for the quarter was $362.5 million, a 32% increase year-over-year, with full-year 2023 revenue at $1.3 billion, while Expedia reported its highest ever full-year and fourth quarter revenue, both growing 10%.